5 Stocks To Watch: August 5, 2020
August 5, 2020: Yesterday’s stocks to watch saw us pick SolarEdge Technologies, Inc. (SEDG) as our best of the bunch. This was after their better-than-expected second-quarter earnings, which resulted in a surge of 13-percent. Climbing from $173.56 to $206.50.
We also picked out:
- The Mosaic Company (MOS): Whose shares climbed 13.5-percent, jumping from $13.69 to $15.53.
- Achieve Life Sciences, Inc. (ACHV): We believed share prices would fall yesterday and they didn’t disappoint. Falling 8.5-percent, to close at $10.73.
One of our earlier picks that slumped this week also saw a rapid comeback. The Clorox Company (CLX) which reported better-than-expected Q4 earnings on Monday, dropped as low as $229.28 but recovered on Tuesday. CLX is now valued at $237.58 and remains on our watchlist.
The reason we’ve highlighted past picks is because we’ve re-picked a stock from yesterday in our top-five. So here’s four fresh stocks to watch this August 5, 2020 and The Walt Disney Company (DIS).
Today’s #1 Stocks To Watch: The Walt Disney Company (DIS) – $117.42
The Walt Disney Company (DIS) made our top-five stocks to watch yesterday because we didn’t know which way its Q3 report would go. It ended up as a mixed bag. On the one hand, analysts estimated Q3 earnings per share would be at a loss of $0.64 each. Yet they reported at a gain of $0.08 each. Revenue on the flip side missed the estimate, coming in at a massive $611-million under. Reporting at $11.78-billion.
During the report, it was revealed that as of June 27, streaming service Disney+ had 57.5-million subscribers. They also announced that Disney’s remake of Mulan would stream for a premium price of $29.99 via Disney+ from September 4. This influx of news saw DIS shares climb 5.1-percent during the pre-market trading session, reaching $123.29.
Despite news sentiment being only 60-percent positive, there’s enough moving parts to put The Walt Disney Company (DIS) at the top of our stocks to watch list today.
Humana, Inc. (HUM) – $391.13
Humana, Inc. (HUM), one of the largest private health insurers in the U.S. reported their second-quarter earnings today and they beat the estimates by a significant margin. Q2 revenue was reported at $19.08-billion, $453-million over the analyst estimate. Earnings per share were reported at $12.56 each, $2.29 over the analyst estimate.
A positive Q2 report, along with bullish news sentiment, and pre-market trading showing a 2.1-percent jump in share value, from $391.13 to $399.37, makes HUM one of our top-five stocks to watch.
CVS Health Corporation (CVS) – $64.99
CVS Health Corporation (CVS), reported their second-quarter earnings before the bell. Q2 revenue reported at $65.34-billion, beating the revenue estimate by $1.16-billion. Q2 earnings per share reported at $2.64 each, beating the estimate by $0.72.
Like Humana, Inc., CVS Health Corporation has bullish news sentiment, a strong second-quarter report, and pre-market trading showing a 1.1-percent gain in share value, from $64.99 to $65.70. All this positivity makes CVS one of our top stocks to watch this August 5.
Monster Beverage Corporation (MNST) – $78.01
Monster Beverage Corporation (MNST) reported its second-quarter earnings on Tuesday, beating analyst estimates in the process. Q2 revenue reported at $1.09-billion, beating the estimate by $98.06-million. Earnings per share reported at $0.59 each, beating the estimate by $0.11. During pre-market trading, MNST jumped 3.8-percent. From $78.01 to $81.
With share value trending upwards, from $52.10 in March to present value, MNST is one to watch.
Activision Blizzard, Inc. (ATVI) – $86.45
Another company that reported positive results yesterday was Activision Blizzard, Inc. (ATVI). Their second-quarter results beat estimates handsomely. With Q2 revenue reporting at $2.08-billion, $378-million over the estimate. Earnings per share reported at $0.97 each, $0.29 over the estimate. During pre-market trading, ACTI slumped by 2.2-percent, from $86.45 to $84.51.
Considering the value of ATVI shares have been on a massive upward trend since April 2019, from $43.37 to present value, we expect this 2.2-percent dip to be a blip in trading only.